The Board of Directors

In accordance with Scandic’s Articles of Association, the Board of Directors shall consist of three to eleven members and not more than two deputies appointed by the shareholders at the AGM.

The Board of Directors currently consists of nine members who were elected at the AGM held on April 26, 2018 (of which eight were re-elected by the AGM 2018). In addition, there is one employee representative and one deputy employee representative appointed to the Board of Directors.

Eight members of the Board of Directors elected by the AGM are considered to be independent of the company and senior management. Six members of the Board of Directors elected by the AGM who are independent of the company and the senior management are also independent of the company’s principal shareholders. In total, seven members of the Board of Directors elected by the AGM are independent of the major shareholders.

Thus, Scandic meet the requirements of the Code regarding the independence of the Board in relation to the company, the senior management and the companys’s principal shareholders.

About Scandic

Scandic is the largest Nordic hotel operator with a network of about 280 hotels with 55,000 hotel rooms in operation and under development in six countries. Scandic Friends is the biggest loyalty program in the Nordic hotel sector. Corporate responsibility has always been a part of Scandic’s DNA. Since December 2, 2015, Scandic has been listed on Nasdaq Stockholm. Read more about Scandic.

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